The special passenger train was in danger of dying when the previous owner folded the operation and sold the equipment last spring after a 69-year run.
Chicago-based Iowa Pacific Holdings, which operates freight and excursion trains in six states including Colorado, wants to take over the service.
On Thursday, Omaha-based Union Pacific agreed to let Iowa Pacific use the same route the previous Ski Train owners used.
Iowa Pacific President Ed Ellis says the train would use his company's equipment and Amtrak would provide the crews.
He says his company is still working to finalize a deal with Amtrak.
Information from: The Denver Post, http://www.denverpost.com
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